The Kynningsrud crane division is one of the Nordic region’s major players with regards to all types of crane activity in the area. The investment represents a co-operation between the crane departments in Norway and Sweden – Kynningsrud Kran AS and Kynningsrud Kran AB respectively.

The Kynningsrud Group consists of three divisions, working in crane rental, pre-cast concrete and foundations. The group’s primary markets are in Norway and Sweden. The turnover for 2006 is expected to be approximately €85million.

The crane division has 180 employees, 120 cranes, gantry cranes and hydraulic jacks, used for lifting and transportation of materials for all types of construction.

Kynningsrud board member Harald Kynningsrud said: “We have been working on this investment for a long time and the time is right for a stronger input into the market.”